BNY MELLON ENTERPRISE ESG 69 GLOBAL CITIZENSHIP MANAGING CLIMATE CHANGE As its physical, policy and financial implications reverberate with growing intensity, climate change is a key ESG topic of significant relevance to corporations. Regulatory agencies continue to closely monitor climate- related systemic risks and assess their current and potential impacts on overall global financial stability. Many financial institutions are moving to address climate-related risks and opportunities in a rapidly evolving environment. Many institutions are developing and offering climate products and solutions to support transitions. In a variety of ways, societal players are preparing for a reimagined future. Opportunity and Approach Our Climate Vision: To steward the world’s natural and financial capital by embedding climate considerations across our operations and by providing clients with a spectrum of climate-aligned solutions. We have built a Future First enterprise-wide climate change strategy that is aligned with broader organizational objectives such as our Enterprise ESG Goals and leading external frameworks such as the TCFD recommendations. Our strategy also expands on our Purpose-Driven Growth Agenda , as it helps advance our corporate objectives, values and behaviors, on a number of levels. The careful consideration of climate risk complements our risk management approach that has served us and our clients well. As a leader in the global capital markets, we are mapping a thoughtful approach to managing risks and seeking opportunities. Climate Strategy The enterprise-wide climate change strategy we developed includes five pillars, is aligned with broader organizational goals, and is underpinned by a governance structure and operating model with defined roles and responsibilities, access to data, employee training, and client engagement. The focus on climate strategy within our Future First ESG approach communicates the tone at the top, helps drive innovation and change throughout the organization, and supports cross-functional collaboration. It additionally creates a more coordinated, central management structure to support the achievement of our climate change-related ambitions.